India's Reliance to merge its JioMusic with music streaming platform Saavn, creating an entity valued at $1B+, with JioMusic's implied valuation of $670M (Urvi Malvania/Business Standard)

Urvi Malvania / Business Standard:
India's Reliance to merge its JioMusic with music streaming platform Saavn, creating an entity valued at $1B+, with JioMusic's implied valuation of $670M  —  RIL has picked up partial stake from current shareholders for $104 million and will be investing another $100 million for the growth of the combined Jiomusic-Saavn

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